MDU Resources Group with ticker code (MDU) now have 4 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 38 and 29 and has a mean target at 33.5. Given that the stocks previous close was at 26.81 this would indicate that there is a potential upside of 25.0%. The 50 day moving average now sits at 26.44 and the 200 day moving average is 28.82. The company has a market capitalisation of $5,466m. Visit the company website at: https://www.mdu.com
The potential market cap would be $6,830m based on the market concensus.
MDU Resources Group engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company’s Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines. Its Natural Gas Distribution segment distributes natural gas for residential, commercial, and industrial customers in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming; and offers supply-related value-added services. The company’s Pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions; and cathodic protection and other energy-related services. Its Construction Materials and Contracting segment mines, processes, and sells construction aggregates; produces and sells asphalt mix; and supplies ready-mixed concrete. This segment is also involved in the sale of cement, finished concrete products, and other building materials and related contracting services. The company’s Construction Services segment designs, constructs, and maintains electrical and communication wiring and infrastructure, fire suppression systems, mechanical piping and services; overhead and underground electrical, gas, and communication infrastructure; and manufactures and distributes transmission lines construction equipment. It serves manufacturing, commercial, industrial, transportation, institutional, and renewable and government customers, as well as utilities. The company was founded in 1924 and is headquartered in Bismarck, North Dakota.
